Mister Car Wash, Inc. (NYSE:MCW) CEO Sells $234,954.72 in Stock

Mister Car Wash, Inc. (NYSE:MCW) CEO John Lo-Minn Lai sold 33,904 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $6.93, for a total transaction of $234,954.72. Following the transaction, the chief executive officer now owns 5,050,517 shares in the company, valued at approximately $35,000,082.81. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Mister Car Wash Stock Performance

NYSE MCW traded up $0.09 during trading on Thursday, hitting $7.13. The company’s stock had a trading volume of 1,577,983 shares, compared to its average volume of 1,578,275. Mister Car Wash, Inc. has a 52 week low of $4.80 and a 52 week high of $10.07. The firm has a market cap of $2.28 billion, a P/E ratio of 30.61, a price-to-earnings-growth ratio of 2.16 and a beta of 1.67. The firm has a 50 day moving average price of $7.10 and a 200 day moving average price of $7.74. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 0.98.

Mister Car Wash (NYSE:MCW) last announced its earnings results on Wednesday, May 1st. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $239.18 million for the quarter, compared to the consensus estimate of $244.06 million. Mister Car Wash had a return on equity of 9.38% and a net margin of 8.04%. Equities research analysts forecast that Mister Car Wash, Inc. will post 0.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MCW has been the topic of several analyst reports. JPMorgan Chase & Co. raised shares of Mister Car Wash from a “neutral” rating to an “overweight” rating and set a $8.50 target price on the stock in a research report on Friday, May 3rd. Mizuho started coverage on Mister Car Wash in a report on Tuesday, March 19th. They set a “buy” rating and a $11.00 price objective on the stock. Finally, Wells Fargo & Company decreased their target price on Mister Car Wash from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Mister Car Wash has an average rating of “Moderate Buy” and an average price target of $9.56.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Swiss National Bank raised its stake in shares of Mister Car Wash by 1.1% in the third quarter. Swiss National Bank now owns 203,500 shares of the company’s stock valued at $1,121,000 after purchasing an additional 2,300 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Mister Car Wash by 18.5% during the 3rd quarter. Citigroup Inc. now owns 82,078 shares of the company’s stock worth $452,000 after acquiring an additional 12,830 shares during the period. Hsbc Holdings PLC boosted its position in shares of Mister Car Wash by 14.2% during the 3rd quarter. Hsbc Holdings PLC now owns 66,826 shares of the company’s stock valued at $370,000 after acquiring an additional 8,327 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in Mister Car Wash in the third quarter worth about $210,000. Finally, Trexquant Investment LP bought a new position in Mister Car Wash during the third quarter worth about $514,000.

Mister Car Wash Company Profile

Mister Car Wash, Inc, together with its subsidiaries, provides conveyorized car wash services in the United States. It offers express exterior and interior cleaning services. The company serves individual retail and corporate customers. The company was formerly known as Hotshine Holdings, Inc and changed its name to Mister Car Wash, Inc in March 2021.